Bitcoin has been in a range-bound consolidation for two consecutive months, and historical patterns suggest the market may repeat a downward trend.

SmartContractAuditor · 2026-04-07T13:24:26+00:00

Bitcoin price fluctuates between $72k and $75k, with lows between $62k and $65k. The market is in consolidation, with open interest remaining stable. Investor sentiment is becoming more stable, but short-term downside risks still warrant attention.

SmartContractAuditor

2026-04-07 13:24:26

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Odaily Planet Daily News: Bitcoin has been trading in a range for two consecutive months. The price highs have clustered in the $72k to $75k range, while the lows have been between $62k and $65k. A similar situation occurred from last November to this January, and eventually led to an overall downward move in the market; therefore, the current market cannot rule out a repeat of that scenario.

On the derivatives data front, the broader market is still in a consolidation phase. Bitcoin open interest (OI) remains stable at about $16.7 billion, with little change from last week, indicating that speculative activity is staying steady. The funding rate has returned to the neutral range of 0%–6%. The previous negative funding environment had driven a rebound resulting from short-covering. Options market sentiment has been stabilizing: the share of call options has risen to 47%, but the front end of the implied volatility term structure remains inverted, suggesting traders are still prioritizing hedges against near-term downside risk. (CoinDesk)

BTC-1,8%

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